The Daily Manila Shimbun

 

Peso hits intraday low of P50.575, closes at P50.53

June 29, 2017

The peso hit an 10-year-low of P50.575 against the US dollar in intraday trading before closing at P50.53 against the greenback on Thursday. Jonas Ravelas of BDO said “the effect of Fed hike and anticipation of another one within the

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Peso dips to P50.50 against US dollar, stocks down

June 28, 2017

The peso hit an intraday low of P50.505 but closed at P50.50 against the US dollar in heavy trading on Wednesday. It closed at P50.29 on Tuesday. Volume at the Philippine Dealing System reached $1.27 billion from Tuesday’s $452.65 million.

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NEDA Board approves National Transport Policy, 11 projects

June 28, 2017

A National Transport Policy (NTP) was adopted by the National Economic and Development Authority Board at Malacanang Tuesday that aims to unify all transport-related projects in the country. In particular, the policy will synchronize decisions and investments of all transport-related

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Moody’s affirms Philippines Baa2 rating, points out domestic risks

June 27, 2017

Moody’s Investors Service on Tuesday affirmed the Philippines’ Baa2 long-term issuer and senior unsecured debt ratings and maintained the outlook at stable. In a statement, Moody’s said:” the affirmation of the Baa2 rating and the assignment of a stable outlook

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Stocks up, peso dips to P50.29:$1

June 27, 2017

Stocks closed higher even as the broader market showed a decline as trading resumed following a national holiday on Monday. The Philippine Stock Exchange index gained 62.80 points to 7,876.37 points on Tuesday. At the broader market, there were 103

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Philippines eyes top 20 in ease of doing business

June 27, 2017

The Philippines is eyeing to be at the top 20 by 2020 in the World Bank-International Finance Corporation Doing Business Report. “You know, what we’re really targeting is top 20, top 20 by 2020,” Trade and Industry Secretary Ramon Lopez

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Lower VAT rate possible if gov’t succeeds in plugging tax leakages – DOF

June 25, 2017

A lower value-added tax (VAT) rate on goods and services–now pegged at 12 percent–is possible once the government is able to clean up the tax system and plug leakages arising from the myriad of exemptions from this consumption tax, according

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Peso opens weaker, but recovers to close at P50.22

June 23, 2017

The peso opened at an intraday low of P50.38 to the US dollar but rallied to close slightly higher on Friday even as it remained below the P50 level. The peso closed P50.220 from Thursday’s P50.345. Volume at the Philippine

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